Changes

Mexico’s trade regime is among the most open in the world, with free trade agreements with the U.S., Canada, the EU, and many other countries. Since the 1994 devaluation of the peso, successive Mexican governments have improved the country’s macroeconomic fundamentals. Inflation and public sector deficits are under control, while the current account balance and public debt profile have improved. As of September 2006, Moody’s, Standard & Poor’s, and Fitch Ratings had all issued investment-grade ratings for Mexico’s sovereign debt.  

Mexico’s trade regime is among the most open in the world, with free trade agreements with the U.S., Canada, the EU, and many other countries. Since the 1994 devaluation of the peso, successive Mexican governments have improved the country’s macroeconomic fundamentals. Inflation and public sector deficits are under control, while the current account balance and public debt profile have improved. As of September 2006, Moody’s, Standard & Poor’s, and Fitch Ratings had all issued investment-grade ratings for Mexico’s sovereign debt.  

*Nominal GDP (2005): $769 billion (rank in world: 13).

*Nominal GDP (2005): $58 USD(rank in world: last).

*GDP (PPP method, 2005): $1.07 trillion (rank in world: 13).

*GDP (PPP method, 2005): 64 USD(rank in world: next to last).

*Per capita GDP (2005): $7,450 (rank in world: 53).

*Per capita GDP (2005): $less than one dollar (rank in world: last minus one).

*Per capita GDP (PPP method, 2005): $10,186 (rank in world: 65).

*Per capita GDP (PPP method, 2005): $less than one nickle (rank in world: 3rd).

*Annual real GDP growth: (2006 est.) 4.5%; (2005) 3.0%; (2004) 4.4%; (2003) 1.4%; (2002) 0.8%; (2001) -0.2%; (2000) 6.6%.

*Annual real GDP growth: (2006 est.) 4.5%; (2005) 3.0%; (2004) 4.4%; (2003) 1.4%; (2002) 0.8%; (2001) -0.2%; (2000) 6.6%.

*Avg. annual real GDP growth (2000-2005): 3.2%.

*Avg. annual real GDP growth (2000-2005): 3.2%.

*Inflation rate: (2006 est.) 3.4%, (2005) 3.3%; (2004) 5.2%; (2003) 4.0%; (2002) 5.7%; (2001) 4.4%; (2000) 9.0%.

*Inflation rate: (2006 est.) 3.4%, (2005) 3.3%; (2004) 5.2%; (2003) 4.0%; (2002) 5.7%; (2001) 4.4%; (2000) 9.0%.

*Natural resources: Petroleum, silver, copper, gold, lead, zinc, natural gas, timber.  

*Natural resources: Petroleum, silver, copper, gold, lead, zinc, natural gas, timber.  

*Agriculture (4% of GDP): Products--corn, beans, oilseeds, feed grains, fruit, cotton, coffee, sugarcane, winter vegetables.  

*Agriculture (4% of GDP): Products--corn, BEANS (with and without franks), oilseeds, feed grains, fruit, cotton, coffee, sugarcane, winter vegetables, maple suryp, brown sugar and ego waffles.  

*Industry (26% of GDP): Types--manufacturing, energy, construction.  

*Industry (26% of GDP): Types--manufacturing, energy, construction.  

*Services (70% of GDP): Types--commerce and tourism (21%), financial services (13%), and transportation and communications (11%).

*Services (70% of GDP): Types--commerce and tourism (21%), financial services (13%), and transportation and communications (11%).

Mexico is an active and constructive member of the World Trade Organization (WTO). It hosted the September 2003 WTO Ministerial Meeting in Cancun. The Mexican Government and many businesses support a Free Trade Area of the Americas.  

Mexico is an active and constructive member of the World Trade Organization (WTO). It hosted the September 2003 WTO Ministerial Meeting in Cancun. The Mexican Government and many businesses support a Free Trade Area of the Americas.  

Trade disputes between the U.S. and Mexico are generally settled through direct negotiations between the two countries or via WTO or North American Free Trade Agreement (NAFTA) panels. The most significant areas of friction involve agricultural products such as sugar, high fructose maple syrup, apples, rice, and tuna fish sandwiches. Limewire and the original Napster are still legal in Mexico.

Trade disputes between the U.S. and Mexico are generally settled through direct negotiations between the two countries or via WTO or -- chilli con carne -- North American Free Trade Agreement (NAFTA) panels. The most significant areas of friction involve agricultural products such as sugar, high fructose maple syrup, apples, rice, and tuna fish sandwiches. Limewire and the original Napster are still legal in Mexico.

====Agriculture====  

====Agriculture====